• Complete a detailed written report that includes all your ideas to increase future Net Income. This report must include evidence that supports and substantiates your future financial improvements.

Q36 ABC pty ltd Performance Analsis and Variance Report August 20x1 Budget Actual January to August 20x1 Variance Cars expected to be washed Expected Revenue per job Total Revenue 180 30 5,400 195 35 6,825 1,425 Less Variable Costs Labour Costs per job Consumables Motor Vehicle Expenses Total Variable Cost 1080 180 270 1,530 1365 210 310 1,885 285 30 40 355 Fixed Costs Advertising Depreciation Insurance Mobile Telephone Costs Office Costs Total Fixed cost 200 250 100 150 450 1,150 200 250 100 176 520 1,246 Total cost Net Income 2,680 2,720 3,131 3,694 Budget Actual F 1440 30 43,200 1520 33 50,160 U U U U 8640 1440 2160 12,240 10470 1980 2790 15,240 0 0 0 26 70 96 U U U 1600 2000 800 1200 3600 9,200 1600 2000 800 1680 4350 10,430 451 974 U F 21,440 21,760 25,670 24,490 to August 20x1 Variance Variance rate for for Year to August date Variance 6,960 F 26.39 16.11 1830 540 630 3,000 U U U U 26.39 16.67 14.81 23.20 21.18 37.50 29.17 24.51 0 0 0 480 750 1,230 U U U 0.00 0.00 0.00 17.33 15.56 8.35 0.00 0.00 0.00 40.00 20.83 13.37 4,230 2,730 U F 16.83 35.81 19.73 12.55